If you’ve used Cash App in the past few years, you could be eligible for a payout of up to $2,500. The popular payment service and its parent company, Block Inc., have agreed to a $15 million class-action settlement following allegations of security failures and data breaches.
Why Is Cash App Paying Users?
The lawsuit claims that Cash App failed to properly secure user data, leading to unauthorized access in two major incidents:
- A Former Employee Data Breach (2022): A former Cash App Investing employee allegedly accessed customer account information without permission.
- Recycled Phone Numbers (2023): Some users reported that their accounts were accessed by strangers due to old phone numbers being reassigned to new users.
Cash App denied any wrongdoing but agreed to the settlement to resolve the lawsuit.
Who Can Claim Money from the Settlement?
You might be eligible for a payout if:
✔️ You had a Cash App or Cash App Investing account between August 23, 2018, and August 20, 2024.
✔️ You experienced unauthorized access or fraudulent transactions on your account.
How Much Can You Get?
- Users who provide proof of financial losses (such as bank statements or police reports) can receive up to $2,500 in compensation.
- Users who lost time dealing with the security breach (such as disputing fraudulent charges) can receive up to $75 for lost time.
How to File a Claim?
Eligible users had to submit a claim through the official settlement website before the deadline, which was November 18, 2024. If you filed your claim, you can now check its status online.
When Will Payments Be Sent?
A final court hearing took place on January 13, 2025, to approve the settlement. If everything goes as planned, payments should be distributed in the coming months. Keep an eye on the official website for updates on when you’ll receive your money.
What You Should Do Next
- Check your claim status on the official website.
- Stay alert for scams – the real settlement process is free and does not require you to pay any fees.
- Monitor your accounts to prevent future unauthorized access.
If you were affected by the Cash App security breaches, this settlement could put some extra cash in your pocket. Check your eligibility and claim your share before it’s too late!
